Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1887-03-10
The Ka,,rosd Comb,natiou.

BALTIMORE, March 9-while to
night the general impression here 10
that some sort of arrangement has been
m sde for the surrender of the control Of
the Baltimore and Ohio railroad, IL IL
positively stated by . gentleman who Ia
near to Mr.. Garrett that no agree ment
or contract exists for such transfer.
he ct the same time stated that Q syn.
dictate will probably be Termed, Of
which Mr.. Garrett will be . member,
for the workir Of such Q railroad sys.
tenn as Is spoken Of. He further said
tlere is no law to prevent the voting by
proxy OF all the shares owned by the
Garrett family and enough of others to
make majority OF the stock for any
deal the road authorities may deem de.
sirable. He also said that $3.50 per
share had before been offered and re-
fused for . transfer Of . majority of the
stock.
IL was said this evening that an offer
OF S6, 0o0, 900 had been made for the Bal.
| timore and Ohio's telegraph system,
| and 81 600, 900 for the express business,
l both OF which had been declined. The
determihed refusal of Mr.. Garrett u
confirm or deny any Of the statement.
| which have been made leave the people
In anxiety. Those who have alway.
been staunch friends Of the Baltimore
and Ohio road will not believe that any
transfer OF the control Of the road hsl
been or will be made.
The excitement increases here because
| OF the refusal of Mr.. Garrett to make
any comm uDioation In regard 10 the
matter. The most careful inq niry can
not discover that the Authorities havl
been consulted, though the city own
more than ore fifth OF the entire stool
OF the Baltimore and Ohio Railroad
The city, with the Johns Hopkins Uni
versity ar ID the Garrett family, own
IA sjority oftbe stock. The people her
generally have settled down to the con
clusioia that . deal has been effected, an.
that Baltimore will become only q wa,
station in the great railroad system
They believe that the II 900 shares q
the Baltimore and Ohio stock have bee
disposed Of. Several OF the trustee
were approached, and the all decline'
to speak OF the matter. The refusal o
the trustees to speak has led many I
believe that the University has sold II
holding.
It is acknowledged that the Bait
more and Ohio would like TO cart wit
! its te'ee raph property. which. in tt
i, / present state OF war with the Wester
! Union, has been Q continued lces to II
9 Baltimore and Ohio. The Wester
+ Union people would of course hold @
: and talk as though they did not wal
g to buy. But, on the other hand, Nj
Y Gould controls over 1000 miles OF raj
' road west OF the Mississippi and sou
4 OF St Louis. This system Of roa
a comes to the Mississippi at two poin'
:. viz: At St. Louis, where 1t wou
;. connect with the Ohio aud Mississippi
" con rolled By the Baltimore and Obi
3 and also at Memphis, where 1t won
y connect with the Richmond Termin
y Roads.
70 An eastern outlet and fine termir
r. facilities In Jersey City for these we
Dc ern properties may eventually ha
At some II f1uence in settling the telegra
war.
NEW YORK, March 9-The Exec
tive Committee OF the Richmond 7
~ minal Company met to-day to oonsit
nj the matter of absorbing thu Baltin
To- and Ohio and other systems. Act
IRE was deferred uLtil tomorrow. l,
understood that the purchase OF
Of Baltimore and Ohio stock will be ?
ak vided for by a collateral trust in VIII
ht. the Baltimore and Ohio stock will
In placed and this bonds taken by syn
cate. The counsel for the company
az now a. work on the details Of the agl
u1 ment.